Value Added Tax (VAT) In UAE

 

If you are a business owner in the UAE, registering for VAT is mandatory if your taxable supplies and imports exceed AED 375,000 per annum. Here's how you can register for VAT in the UAE:

1. Check if you need to register for VAT - As mentioned earlier, if your taxable supplies and imports exceed AED 375,000 per annum, you must register for VAT. If your supplies and imports are less than AED 375,000, registration is optional.

2. Gather the required documents - You will need to provide some documents when registering for VAT, including a copy of your trade license, Emirates ID, passport copy of the authorized signatory, bank account details, and other supporting documents.

3. Register for VAT online - You can register for VAT through the Federal Tax Authority (FTA) website. You will need to create an account, fill in the necessary details, and upload the required documents.

4. Receive your VAT certificate - Once you have submitted your application, you will receive a VAT certificate from the FTA. This certificate will include your VAT number, registration date, and other important details.

After registering for VAT, you must file VAT returns regularly. Here's how you can do it:

1. Determine your VAT liability - You must calculate the VAT you owe to the government based on the supplies you made and received during the tax period.

2. Prepare your VAT return - You can prepare your VAT return online through the FTA's website. You will need to provide details of your supplies, including the VAT amount collected and paid.

3. Submit your VAT return - You must submit your VAT return and pay the VAT due to the government within 28 days of the end of the tax period.Read More

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